The Colombo bourse yesterday closed down on a low turnover of Rs. 628.2 million, up slightly from the previous day’s Rs. 606.6 million with both indices losing ground ? the ASPI down 22.50 points (0.32%) while S&P SL20 declined 14.34 points (0.37%) with 141 loser’s way ahead of 79 gainers while 106 counters closed flat.
"JKH, some banking stocks and Chevron pushed the indices down," a broker said. "There were block trades on JKH, ComBank (voting) Nestle and HNB (voting) but turnover was disappointing. Market players are waiting for news of the dissolution. After that there’ll be some timelines on when the election will be held".
Foreigners continued to be net sellers with sales of Rs. 242.79 million ahead of purchases of Rs. 76.55 million leading to an outflow Rs. 166.24 million.
There were single parcel crossings of nearly 0.2 million JKH at Rs. 204.50, slightly over 0.2 million ComBank at Rs. 160, slightly under 0.1 million HNB at 218 and 15,000 Nestle at Rs. 2,100 contributing Rs. 120.9 million to the day’s turnover.
"Declines in large cap diversified, banking, and consumer counters pushed the ASPI lower amid subdued activity levels, with trades on JKH, NEST, and HNB collectively accounting for over 30% of the day’s turnover including crossings," John Keells Stock Brokers said in a market report.
Banks, Finance, and Insurance was the most actively traded sector (-0.04%), it noted.
The five most traded stock for the day - JKH which topped the floor trades, HNB (voting), Chevron, Regnis and Seylan (voting) were down, some sharply. JKH lost Rs. 1.20 to close at Rs. 204.10 on nearly 0.4 million shares done between Rs. 201 and Rs. 208 contributing Rs.77.2 million to turnover. The trades were in large parcels, brokers said.
HNB voting closed Rs. 1.10 down at Rs. 217 on nearly 0.2 million shares done mainly in three parcels between Rs. 217 and Rs. 218 (Rs. 37.1 million), Chevron was seven rupees down to Rs. 368 on 81,063 shares done in two parcels between Rs. 368 and Rs. 375 (Rs. 30 million), Regnis Rs. 7.80 down to Rs. 130.20 on over two million shares done between Rs. 120 to Rs. 137 (Rs. 29.7 million) and Seylan (voting) down Rs. 2.70 to Rs. 100.10 on nearly 0.2 million shares done between Rs. 99.70 and Rs. 102 (Rs. 19.9 million).
Courtesy: The Island 26 June 2015